The new laws in California will take effect on July 1, 2024.
Yes, landlords can charge additional fees at the end of a lease period if any damage exceeds the amount of one month's security deposit. However, the new law stipulates that any new rental contract can require only one month's security deposit.
No, existing rental agreements are not affected by the new security deposit law. The law, which stipulates that new rental contracts can require only one month's security deposit, applies to agreements made on or after July 1, 2024.